Canned Seafood Market size was valued at US$ 31.18 Bn US$ in 2022 and is expected to reach 40.48 Bn in 2029. The Global Canned Seafood Market is expected to grow at a CAGR of 3.8% through the forecast period.
Market Values:
The Canned Seafood Market reached a valuation of US$ 31.18 billion in 2022 and is projected to grow to US$ 40.48 billion by 2029. The global market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 3.8% throughout the forecast period.
Report Scope:
The comprehensive report on the Canned Seafood Market provides in-depth insights into market dynamics, emerging trends, challenges, and regional perspectives. The analysis covers a range of products, distribution channels, and competitive landscape, offering a holistic understanding of the industry.
Research Methodology:
The research methodology employed for this report involves a rigorous analysis that includes data collection, interpretation, and validation. A detailed study of market dynamics, consumer preferences, and industry trends contributes to the accuracy and reliability of the findings.
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Dynamics:
The market dynamics section highlights key factors influencing the Canned Seafood Market, including the rising awareness of health benefits, the popularity of ready-to-eat and preservative-free food, and the increasing sales of canned seafood. It also addresses challenges such as pricing concerns and the impact of sustainability and overfishing.
Regional Insights:
The report offers regional insights, emphasizing the dominance of the Asia Pacific Canned Seafood Market with a market share of approximately 46.2% in 2022. The European market, accounting for around 32.8% of the share, reflects the region’s rich cultural diversity and culinary traditions. Regional dynamics, key players, and market trends are analyzed to provide a comprehensive view.
Market Segment Analysis:
The Canned Seafood Market is segmented by product (Tuna, Salmon, Sardines, Prawns, Shrimp, and other seafood) and distribution channel (Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Others). The Tuna segment holds the largest market share, driven by its high protein content and Omega 3 fatty acids. The report anticipates rapid growth in the shrimp segment due to its nutritional value and low-fat content.
Competitive Landscape:
The market is highly competitive, with the top 10 companies holding 81.82% of the market share. Key players are leveraging extensive distribution networks, brand recognition, and diverse product portfolios. Continuous innovation to meet consumer preferences and address niche markets remains a key strategy.
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What is Canned Seafood Market Segmentation?
by Product Type
Tuna
Salmon
Sardines
Prawns
Shrimp
other seafood
by Distribution channel
Supermarkets & Hypermarkets
Convenience Stores
Online Stores
Others
Who are Canned Seafood Market Key Players?
North America
1. Bumble Bee Seafoods (U.S)
2. StarKist Co. (U.S)
3. Tradient Seafoods (U.S)
4. American Tuna, Inc. (U.S)
5. Wild Planet Foods (U.S)
6. The Fish & Meat Co.(U.S)
7. Capital Fish Company (U.S)
8. Icicle Seafoods Inc (U.S)
9. Universal Canning Inc (U.S)
10. Tri Marine Group (U.S)
11. Trident Seafoods Corporation (U.S)
12. Brunswick Seafood (Canada)
13. The Calvo Group (Guam)
14. Royal Greenlands (Greenland)
15. Scout Canning (US)
Europe
1. Connors Bros Ltd. (U.K)
2. LDH (La Doria) Ltd (Italy)
3. Nueva Pescanova (Spain)
4. Marine Harvest (Norway)
Table of content for the Canned Seafood Market includes:
- Global Canned Seafood Market : Research Methodology
- Global Canned Seafood Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Canned Seafood Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Canned Seafood Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Canned Seafood Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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